Capture underwriting profits.

Increase revenue.

Artex can assist a range of interested parties from large Private Equity Houses and multinational insurance operations through to Managing General Agents (MGAs) and other intermediaries in the European Union (EU) to leverage the full benefit of prospective insurance portfolios or niche insurance products that have been built or developed, either by establishing their own insurance company or through the use of a Protected Cell Company (PCC). We have more than 20 years of experience in Europe working in partnership with clients on the design, set-up, licensing and management of insurance companies.

Establishing your own company.

We help prospective insurers establish their own venture with the establishment of their own insurance company within the EU. Under the EU Life and Non-Life 1st to 3rd Insurance Directives, a licensed EU insurance company is authorized to underwrite life or general insurance business directly into the EU and European Economic Area (EEA) States. Artex is able to assist prospective insurers to establish an insurance company under either “the freedom to provide services,” i.e., to provide business services on a cross-border basis; or “the freedom of right of establishment,” namely, to provide business services through a permanent presence in another EEA-member state.

We have the ability to offer two EU jurisdictions – Gibraltar and Malta – with a staff that possesses the knowledge, experience and proven performance in the European market. We understand European regulations and requirements – a critical aspect when forming an insurance company.

Target Business: Size & Necessary Criteria:

  • A minimum size of £5 million to 10 million
  • All classes of business
  • Solvency II legislation
  • Control and oversight from the host state

Setting up a cell facility.

Artex can also help intermediaries, brokers and MGAs grow their revenue on profitable accounts of business and exert greater control over underwriting capacity with the use of a Malta-domiciled PCC. This is an attractive entry into direct underwriting, offering MGAs and other insurance producers the opportunity to establish a cell within an existing facility and benefit from low set-up costs and capital requirements. A PCC allows insurance products to be directly underwritten while providing the ability to gain control over rating, policy coverage and claims. A Malta PCC is authorized under the EU Life and Non-Life 1st to 3rd Insurance Directives to underwrite life or general insurance business directly to the EU and EEA States. 

Artex’s expertise in the creation of underwriting structures and our Maltese operation enable us to effectively guide our clients through the entire project to form a PCC cell insurer.

Target Business: Size & Necessary Criteria:

  • Intermediaries, brokers, MGAs and other insurance producers with profitable business accounts
  • Gross Written Premium of £1 million-plus
  • Suitable for all classes of insurance business, particularly lines with low claims volatility (excluding motor)
  • Insurance producers with strong control over all front-end functions including marketing, policy issuance, premium collection, etc.

Features & benefits of forming an European insurance company or PCC.

EU broking solution

Post Brexit it is uncertain whether UK-based intermediaries will be able to passport throughout the European Union, as of 30 March 2019. This represents significant uncertainty for the majority of UK-based insurance brokers in relation to the following key business risks:

  • Loss of the ability to intermediate and place insurance contracts for EU-based clients
  • Subsequent loss of profitable accounts
  • Potential loss of control in the relationship with clients that have EU risks

You can continue your EU business with a domiciled Intermediary PCC operated by Artex Malta and experience the following benefits:

  • Low cost
  • Low maintenance
  • Quick-to-implement
  • Available to UK brokers, as well as other EU country intermediaries
  • Allows cells to be established, owned, licensed and utilized by an intermediary
  • Artex-provided management

 Learn more by reading our Product Sheet found here.

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At Artex, we take your business personally. We do more than provide solutions. We create sustainable risk management alternatives, specifically tailored to the financial goals of your unique business. We get to know you. We get to know your industry. We seek to understand your current challenges, and search for emerging trends, so you can make the right decisions that drive your organization forward.

At our core, we’re innovators… just like you. We bring vision and creativity to each and every solution, informed by our global insight, expertise and experience in the full spectrum of risk management alternatives – from Insurance Management and Captive Solutions to Program and Facility Management, ILS and Structured Transaction Administration, Risk Management, PEOs, Risk Pooling and Specialty Guaranteed Cost Programs.

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